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the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater because it's the nuclear bomb so they can increase their leverage as they move toward a vote. we may end up into january early february negotiating again about a debt ceilingle. >> that would be very hazardous. an economic nuclear deterrent is only effective if you're ready to set it off. i'm not saying there aren't tea party republicans that would be willing to tank the economy on this, but i think republicans really hand if they think they're going to get a lot of leverage out of this debt ceiling. they may think that. but people remember that episode more than a year ago and it really backfired. it backfired. so you'd ha
the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater because it's the nuclear bomb so they can increase their leverage as they move...
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Dec 6, 2012
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treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive before the taxes go back up. >> eliot: charles, do you agree with sam? once the tax cuts have expired maybe they pass the tax cut for 98% but then use their
treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think...
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Dec 4, 2012
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>> the fiscal cliff negotiations? >> stephanie: yes. >> i love that they don't include the tax cuts for the middle class or the expiration for the bush tax cuts for the top 2%. and they are like here is our offer. if you are going to make a deal at least deal something somebody actually wants. >> yeah. >> stephanie: serious plan. they are like they won the election. >> it is totally farfetched and they are like i don't understand why he doesn't want it. >> stephanie: all right. here she is, jacki schechner in the current news. >> good morning. we already know that ashley judd can show a much wider range of emotion that some. she has been taking steps to assess her options when it comes to running for office. she is doing opposition research on herself to see where she might be most vulnerable. mcconnell will be running for his sixth term another option is to run against senator rand powell in 2016. there is a briefings tomorrow on the september 11th attack on our console consoleate attack in benghazi they the talking
>> the fiscal cliff negotiations? >> stephanie: yes. >> i love that they don't include the tax cuts for the middle class or the expiration for the bush tax cuts for the top 2%. and they are like here is our offer. if you are going to make a deal at least deal something somebody actually wants. >> yeah. >> stephanie: serious plan. they are like they won the election. >> it is totally farfetched and they are like i don't understand why he doesn't want it....
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. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly on them. acting as spoiled children that hold this country ransom does not help them with any of the demographics that reelected this house, increased the number of democrats in the house or the senate. >> the tea party might say we won one and we lost one. we won 2010. we lost 2012 because we were too moderate. we had a meally mouth nominee-- >> i believethey're in a position-- >> if they act like real conservatives, real nut jobs, then we're proven right. they're blinded by their own ideology. >> i'm not surprised that a party who does not believe in evolution has o
. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly...
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Dec 3, 2012
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we are facing the fiscal cliff. now is the time for leadership and if john boehner is not willing to show leadership, then he should get out of the way and resign. see you tomorrow. >> this is "the bill press show."
we are facing the fiscal cliff. now is the time for leadership and if john boehner is not willing to show leadership, then he should get out of the way and resign. see you tomorrow. >> this is "the bill press show."
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fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally ahead in a poll. boner is like a slug there is a bright orange trail of cheat toe dust and bronzer leading from his office. >> stephanie: okay. here you go. >> so many people are going to part-time work and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everything for y
fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally...
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i think we could sell fiscal cliff saucers and helmets. >> sure. >> sell t-shirts at the fiscal cliff claifen. >> stephanie: there jim's catch phrase. >> charles productions. >> stephanie: a lot of people are equally irritated by grover norquist. he is on the meet the press, and i don't understand who he is why anything pays at attention to him. and why he gives the president of the united states instructions. the point is is there a cure chris? >> why yes. >> what it is? >> that grover norquist i can't speak. >> try this. >> norquill? >> yeah. norquill the shut the [ censor bleep ] up so we can get something done medicine. [ laughter ] >> stephanie: i didn't see that coming. i should listen it to first. >> yeah you really should. >> stephanie: i have a nephewture husband this morning. >> does he know? >> stephanie: no. well he does now, if you just give me a second here. >> does he know you are lesbianic. >> stephanie: no. jim stop being a [ censor bleep ]. we kept saying it is treasonist -- how do you sign a pledge to a guy? >> with no political authority of any kind. >> stephanie:
i think we could sell fiscal cliff saucers and helmets. >> sure. >> sell t-shirts at the fiscal cliff claifen. >> stephanie: there jim's catch phrase. >> charles productions. >> stephanie: a lot of people are equally irritated by grover norquist. he is on the meet the press, and i don't understand who he is why anything pays at attention to him. and why he gives the president of the united states instructions. the point is is there a cure chris? >> why yes....
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now let's talk about the fiscal cliff. to use the words of john boehner, i'm flabbergasted. >> nowhere period. we're nowhere. i'm flabbergasted. he can't be serious. i'm serious about our debt. >> cenk: i can't wait to get serious on john bainer when we come back. and later in the program the elbow of the day who 12 on? guess at @tytoncurrent. this corruption based on corruption based on corruption. >>i think that's an understatement, eliot. u>> i'm not prone tot. understatement, so explain to me why that is. i think the mob learned from wall st., not vice versa. [ male announcer ] lifts to clear obstacles. ♪ ♪ lowers to cut drag. rises to every challenge. the class exclusive air suspension in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. (vo) now, it's your turn. (vo) connect with the young turks with cenk uygur. >> it's go time. >> cenk: some had hopes that in a second term president obama would be more progressive because he wouldn't have to face re-election. i thought that was very u
now let's talk about the fiscal cliff. to use the words of john boehner, i'm flabbergasted. >> nowhere period. we're nowhere. i'm flabbergasted. he can't be serious. i'm serious about our debt. >> cenk: i can't wait to get serious on john bainer when we come back. and later in the program the elbow of the day who 12 on? guess at @tytoncurrent. this corruption based on corruption based on corruption. >>i think that's an understatement, eliot. u>> i'm not prone tot....
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who is afraid of the big bad so-called fiscal cliff? maybe it should be termed the nice gradual fiscal slope. we've certainly heard a lot of ceos and other financial cassandras in recent weeks prove size doom if it a deal isn't cut by year's owned. but washington, both side have dug in their heels, and the answer may be that suddenly the sliding down the fiscal slope does not seem that bad. maybe that's why the republicans leaders like speaker of the house john boehner were able to put off making a counter proposal to the president's offer until today. crossing the red line on the talks by rejecting the demind that the republicans accept a hike in the marginal tax rate for those with income over a quarter million dollars a year. my view? obviously i agree with the white house on the substance and as i have said before, their hand gets stronger over time. but sometimes a new idea can change the dynamic. here is an idea that has been around for a long time, supported by james tobin way back and pushed by ralph nadar in a "washington post"
who is afraid of the big bad so-called fiscal cliff? maybe it should be termed the nice gradual fiscal slope. we've certainly heard a lot of ceos and other financial cassandras in recent weeks prove size doom if it a deal isn't cut by year's owned. but washington, both side have dug in their heels, and the answer may be that suddenly the sliding down the fiscal slope does not seem that bad. maybe that's why the republicans leaders like speaker of the house john boehner were able to put off...
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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we're talking about the fiscal cliff. ruth says i've said for a long time republicans are so far to the right they're falling off the edge. i didn't realize it was a cliff they were up against. mark says i have my seat belt on and i'm ready to go over the cliff. no deal is better than a b.s. deal. and skip says the g.o.p. is on their way to wiping out the remainder of the middle class ending social security medicare and medicaid and home mortgage deductions. >> bill: so, michael, we hear that more and more from democrats that better to go over the cliff better no deal than a bad deal. do you agree? >> yeah, i do agree. it depends on how bad the deal is but there is a spectrum. >> bill: if the deal includes extending the bush tax cuts for the wealthiest of americans for another two years. >> no. that's not a deal worth making. that's just not a deal worth making. the fact of the matter is we're at a tough spot. we're caught between a rock and a hard place. we don't want to go over the cliff. if we can avoid it, the congres
we're talking about the fiscal cliff. ruth says i've said for a long time republicans are so far to the right they're falling off the edge. i didn't realize it was a cliff they were up against. mark says i have my seat belt on and i'm ready to go over the cliff. no deal is better than a b.s. deal. and skip says the g.o.p. is on their way to wiping out the remainder of the middle class ending social security medicare and medicaid and home mortgage deductions. >> bill: so, michael, we hear...
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>> i think unfortunately there are other issues like the fiscal cliff that are predominant right now in the national debate, but you know, as i said, you mentioned swing states. legal guns polling most voters trust the president more than mitt romney on the issue of guns so you know you know, i think people are just waiting for him to take action. >> it was interesting and when he spoke of that it galvanized. when he spoke about same-sex marriage it shifted public opinion. i for one people that this is an issue ripe for him to take and grab and to move forward on. eric fascinating thing when cob costas used one of the bigger media platforms out there sunday night football, he got a lot of eyeballs, and not necessarily eyeballs who are going to be sympathetic to a gun control issue. i give bob costas a ton of credit. fair or not? >> he said he knew he was going to get criticized. no regrets. he's not going to be run off what he said. it's interesting when you have a sportscaster, both bob costas and jason whitlock. that's sad this is an epidemic. i think the mainstream press talk abou
>> i think unfortunately there are other issues like the fiscal cliff that are predominant right now in the national debate, but you know, as i said, you mentioned swing states. legal guns polling most voters trust the president more than mitt romney on the issue of guns so you know you know, i think people are just waiting for him to take action. >> it was interesting and when he spoke of that it galvanized. when he spoke about same-sex marriage it shifted public opinion. i for one...
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whether we are going to go off of the fiscal cliff. a lot are saying hell, let's go over the fiscal cliff and show the american people who is responsible. >> unfortunately, democrats tend to be the responsible party in terms of actually wanting to governor. it's no surprise that when republicans are in power, government doesn't function well. >> they hate it. >> why would you make something operate well that you don't like? we have to remember why we are here. this is the piece of the story that is forgotten over and over again. the fiscal cliff is a creation of the republican party. had it not been for a republican party that was unwilling to grant this president an extension on the debt ceiling -- >> which every other president has been able to get in a bi-partisan fashion. >> absolutely. then we wouldn't be here right now. we would not be on the edge of the cliff. it's a precarious thing to negotiate around when you consider we might get thrown into a recession if we do go over it. but the more i watch the right, it the more it look
whether we are going to go off of the fiscal cliff. a lot are saying hell, let's go over the fiscal cliff and show the american people who is responsible. >> unfortunately, democrats tend to be the responsible party in terms of actually wanting to governor. it's no surprise that when republicans are in power, government doesn't function well. >> they hate it. >> why would you make something operate well that you don't like? we have to remember why we are here. this is the...
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we're talking about the fiscal cliff. he said -- let's see. interest rates he was talking about are lower than they've been in our living memory. in fact, if there was ever a time for america to borrow more to put people back to work, rebuilding our schools and crumbling infrastructure, it is now. robert reich. see, i would listen to the guys that were there then in the clinton administration. we're asking you what you think why? because -- >> they're the ones who tanked the economy. >> stephanie: okay. lenny in wisconsin. your eaten "the stephanie miller show." >> caller: hi. how you doing, steph? >> stephanie: good. go ahead. >> caller: i have a few things to say. i hope you don't cut me off. >> stephanie: all right. >> caller: i'm a 62-year-old gay man who is on disability and i've got my -- because of scott walker, all of my healthcare removed. all of my food stamps removed. i'm making $700 a month. i have $500 a month in prescriptions which of course, i can't afford. so i had to decide which ones are the best for me to take and i have no
we're talking about the fiscal cliff. he said -- let's see. interest rates he was talking about are lower than they've been in our living memory. in fact, if there was ever a time for america to borrow more to put people back to work, rebuilding our schools and crumbling infrastructure, it is now. robert reich. see, i would listen to the guys that were there then in the clinton administration. we're asking you what you think why? because -- >> they're the ones who tanked the economy....
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cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky is always up for playing political games himself. he's joining us from washington d.c. thanks for coming back inside "the war room." >> it is always my pleasure, governor. >> jennifer: always a pleasure to have you. so let me talk about this debt ceiling issue. because really, as we look at it really the only leverage that republicans have on the fiscal cliff talks they proceed to be with the debt limit right? so today the treasury department ups the ante by endorsing republican senator mitch mcconnell's summer 2011 provision which you know, he suggested and it effectively lets the president raise
cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky is...
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well explain what they were talking about. >> caller: they were talking about the fiscal cliff crisis and hannity was doing his best to stand on principal and just let them all burn and she was saying, what principal? what kind of principle is it to let 98% of the country have their taxes raised to save 2% of the country their tax increased. >> stephanie: yeah and then she basically said snap out of it sean we lost. >> snap out of it! >> stephanie: that's a big fred flintstone head to slap. >> you need man hands to slap a head that size. >> stephanie: right. she is more man than i will ever be. right, ann coulter. >> i'm more of a man than any liberal is. >> stephanie: thank you. that's my point. >> yeah. >> stephanie: we're going to do a jacki's health care corner but we talked about why raising the medicare eligibility age is a bad idea. and that has been floated out there and is on the table. and i'm like -- we won. as ann coulter just said. why do we need to negotiate with them on their bad ideas? >> that's right. >> stephanie: the american people are with us on all of this. we'll
well explain what they were talking about. >> caller: they were talking about the fiscal cliff crisis and hannity was doing his best to stand on principal and just let them all burn and she was saying, what principal? what kind of principle is it to let 98% of the country have their taxes raised to save 2% of the country their tax increased. >> stephanie: yeah and then she basically said snap out of it sean we lost. >> snap out of it! >> stephanie: that's a big fred...
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fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those t
fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose...
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this is all good news as the president continues to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that protects social benefit programs. >> if the politicians in washington negotiate a bad deal on the bucket and deficit, what do you think will happen to medicare and medicaid benefits. >> it stars two senator and two republican reps. cnn reports the labor unions are spending more than a half of million dollars on this round of spots. we're back with more steph after the break. stay with us. ♪ going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or th
this is all good news as the president continues to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that...
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fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest said, wholesale inventory number. you have to watch that, if you start to see a long-term trend where the companies are building inventories, that's something more ominous to the economy. the small business index coming out tomorrow. that, of course, should show a gradual increase in its pace. and the federal reserve is starting their meetings tomorrow, so, for wednesday, we're expecting an additional $40 billion every month of additional treasury purchases to take place on the operation twist. >> jennifer, 30 seconds. what do you see tomorrow? >> yeah, we
fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest...
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on the fiscal cliff. but first... >> announcer: this is the "full court press." >> on this tuesday other headlines making news, the most eagerly awaited pregnancy in recent times was announced yesterday. duchess kate middleton pregnant with what would be the third in line to the british throne. child of prince william. he and kate have been married for 19 months. kate was admitted to the hospital yesterday suffering from acute morning sickness. she needed extra hydration and nutrients and will spend a couple of days there. she's reportedly not quite 12 weeks pregnant so she's likely due in may or june. >> bill: third in line. it would be charles then william and then the baby and harry gets pushed out to pasture. >> bill: even if baby x is a girl? >> absolutely. the way they changed the line of succession to the throne, even if it's a girl. >> bill: you know it's big news when the white house press briefing opened with jay carney congratulating on behalf of the president and the first lady and everybody h
on the fiscal cliff. but first... >> announcer: this is the "full court press." >> on this tuesday other headlines making news, the most eagerly awaited pregnancy in recent times was announced yesterday. duchess kate middleton pregnant with what would be the third in line to the british throne. child of prince william. he and kate have been married for 19 months. kate was admitted to the hospital yesterday suffering from acute morning sickness. she needed extra hydration...
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republicans losing blame game on fiscal cliff. neener. majority of americans say if the country goes over the cliff on december 31st, congressional republicans should bear the brunt of the blame. "washington post" pew poll -- >> pew pew. >> stephanie: latest time the g.o.p. faces a tireless task between now and the end of the year. 53% say the g.o.p. would and should lose the fiscal cliff blame game. 27% say the president. so there. [ ♪ nah nah nah nah nah ♪ ] >> stephanie: a tee and then a hee. donna says i got my tickets. steph, as your official vegetarian travel agent, i got meet and grope tickets. so did many of our stephanie and the mooks meet up group. >> i love that. >> stephanie: not that kind of meet. we're having a celebration dinner this sunday to celebrate getting meet and grope tickets to what -- >> it's a new year and time for a new inauguration. >> the president of the united states is once again barack obama. s. ♪ >> time for a new sexy liberal. >> i guess i'll have to speak for the people of my state from right here
republicans losing blame game on fiscal cliff. neener. majority of americans say if the country goes over the cliff on december 31st, congressional republicans should bear the brunt of the blame. "washington post" pew poll -- >> pew pew. >> stephanie: latest time the g.o.p. faces a tireless task between now and the end of the year. 53% say the g.o.p. would and should lose the fiscal cliff blame game. 27% say the president. so there. [ ♪ nah nah nah nah nah ♪ ] >>...
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>> we should all jump off the fiscal cliff. you and the lemmings. >> if republicans accept tax debts, that will be worse than obama's re-election. spiraling of this sort of drone suicide. >> stephanie: somebody building a thesaurus for apocalyptic -- >> back to bill crystal saying the world is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird part is they've got cameras pointed at them that's on television. they've got a platform. so they -- you know, again they're such a radical minority. this notion that everyone, you know, thinks obama's re-election was a disaster. or was a suicide. >> trying to put on the black -- and cut off your junk. >> wow. that's a 1996 reference. [ laughter ] >> stephanie: but it is true. if the parallel universe continues. in the real world, we had a great new employment reporter on friday and monica crowley's world, it is just, you know, death and destruction. and dogs and c
>> we should all jump off the fiscal cliff. you and the lemmings. >> if republicans accept tax debts, that will be worse than obama's re-election. spiraling of this sort of drone suicide. >> stephanie: somebody building a thesaurus for apocalyptic -- >> back to bill crystal saying the world is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird...
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Dec 10, 2012
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and they are just going to let the fiscal cliff thing take care of itself. i learned this recently, remember the sequester. >> yes. >> what a panic that was? >> yes. >> they can cancel that. they can say, we are not going to do t we are going to cancel it. just cancelling the budget cuts saying, never mind. >> that's it you know what? i haven't thought about it that way but sincition a creation of their own making? right? the creature of their own making, they can undo what they did. >> they can undo it. >> because it came about they said, so if our super committee doesn't reach an agreement, these draconian budget cuts are going to take place. now, they could say, we changed our mind. >> never mind. yeah, never mind or they could delay it three years or a year or whatever. but they don't have to. >> that's why we are not hearing about it t they will just, we will never mind that. >> bill: well, i think you may be right. i think they know they have lost the battle on the tax cuts. even if they don't get a 39.6, they will agree to 37 or 37 natural or whatever
and they are just going to let the fiscal cliff thing take care of itself. i learned this recently, remember the sequester. >> yes. >> what a panic that was? >> yes. >> they can cancel that. they can say, we are not going to do t we are going to cancel it. just cancelling the budget cuts saying, never mind. >> that's it you know what? i haven't thought about it that way but sincition a creation of their own making? right? the creature of their own making, they can...
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the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even some democrats are siding with republicans saying they want it keep current rates. all the sides here tyler remain very far apart. wealthy families need 20 rewrite their wills and charity plans. for the country, there are hundreds of billions of dollars at stake. under old rates, they raise $532 billion by 2021. obama plan raised around $270 billion, about half. gop raises about $161 billion. the fight over taxing the rich, especially in the estate tax, is far from over. back to you, tyler. >> not the first time the estate tax has come up in these kinds of n
the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even...
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Dec 10, 2012
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peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both sides confirming communications are open. speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instea
peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house...
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Dec 9, 2012
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what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said the
what are the odds of a deal getting done before disaster strikes in the fiscal cliff. we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real...
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Dec 6, 2012
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we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just pure press speculation or is there anything to it? >> look, those are all press stories that are out there. we're trying to solve a problem. because if that came to fruition, that does nothing to solve the problem. and we just have an unbelievable amount of growth in government where we have to control the spending. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's in
we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just...
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can you fix the fiscal cliff and send the economy downward. >> the fiscal cliff, isn't it having real impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their cl
can you fix the fiscal cliff and send the economy downward. >> the fiscal cliff, isn't it having real impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle...
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>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
>> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that...
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>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to be a two-armed economist because i can't said on the other hand. there's two things that are very important. first of all, credit in commercial real estate is phenomenal. cap rates are really low. so the fact that rates are as low as they are has allowed commercial real estate not to fall into the abyss. if commercial real estate had to refi at high rates, we would have had another problem. the other problem is the fact margins are getting squeezed at these banks. credit quality is better. >> that's where the money comes from. >> yeah, fees. by the way, you can eat thes
>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to...
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cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best spokesman for conservatism. >> no, no. >> we should put a paul ryan -- we need younger leadership. >> paul ryan came out publicly in support of boehner. that's point number one. secondly, boehner jumped ryan over more senior people to put him as head of the budget committee. that's my second point. and boehner himself is being advised by ryan every step of the way. >> what do you say about this purge then? he's purging people that wants to balance the budget. >> you lost, ron. don't blame boehner. blame the republican party. blame conservatives. jim demint sa
cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best...
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the fiscal cliff is complicated but chris will break it down with the important guests. exclusive interview with the house speaker john boehner and also the discussion with tim geithner on "fox news sunday" airing at 2:00 p.m. and 6:00 p.m. eastern only on fox. >> eric: hopefully they will break it down and explain it completely. coming up, the doctors will be here to talk about our health. researchers say they now have a formula to calculate a child's risk for obesity, as soon as the baby is born. they say it's as easy as clicking a mouse. but does it work? new report on rise of chronic respiratory illnesses but how do you know if the lingering cough is something more serious? doctors take your questions on the topic right now. there it is. go to fox news.com/sundayhousecall and join the chat. the doctors will take a lot of the questions on the air later today. we'll be talking bronchitis, asthma, respiratory problems in a moment. like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant
the fiscal cliff is complicated but chris will break it down with the important guests. exclusive interview with the house speaker john boehner and also the discussion with tim geithner on "fox news sunday" airing at 2:00 p.m. and 6:00 p.m. eastern only on fox. >> eric: hopefully they will break it down and explain it completely. coming up, the doctors will be here to talk about our health. researchers say they now have a formula to calculate a child's risk for obesity, as soon...
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who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy, roll the tape. there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the pres
who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy, roll the tape. there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are...
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what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very painful cuts to medicare. i just did it in a 242-page bill that i have shared with the white house, shared with boehner, shared with mcconnell, in order to move us beyond this silly debate that's taking place. the fact is, claire knows this and i know this. there are serious reforms that have to take place in medicare for our country to become solvent. >> well, we have to be careful. and you're right about this, david. what is really irresponsible, that $716 billion, that was low-hanging fruit. that was fluff in the medicare system, savings that we had to recover. and by the way, it's the same savings that was i
what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very...
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is needed. christine the guard says any deal between president obama and congressional republicans must do more than simply avoid the fiscal cliff to get america pause economy growing again. >> there is still the degree of uncertainty. investors, entrepreneurs households, are not making decisions because they do not know what tomorrow will be. >> but washington's top republican leader, house speaker john boehner, complains there has been no progress in avoiding even immediate crisis. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats s
. >> when it comes to the so- called fiscal cliff, president obama and house speaker john boehner met today. >> they said the lines of communication remain open. this comes after the head of the international my terry fund got tough on at the sunday talk shows. captioned by the national captioning institute --www.ncicap.org-- >> a quick fix is not the answer for resolving the fiscal crisis, said the director of the international monetary fund. a more comprehensive solution is...
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it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising taxes on the rich, the president is ready to go off the cliff. >> right now i'd say we are nowhere, period. nowhere. >> john boehner declaring a stalemate in an exclusive with fox, as republicans teed off on president obama first offer that included new spending plus 1.6 trillion in tax hikes. totally unacceptable. >> i think we are going over the cliff. it's clear to me they made political calculation. white house officials insisted disaster could be amended and demanded a counter offer on the table. >> what we hope for is specificity from the republicans. >> an hour lat
it is a republican compromise solution to the impending fiscal cliff. spending cut and tax increases that both sides mean would mean recession. after what both sides called a frustrating weekend. today's development don't appear to break a log jam. not yet. ed henry begins our coverage. >> reporter: good evening. they are saying the plan is ridiculous, so much so they will not offer counterproposal to the g.o.p. counterproposal and say tonight unless speaker boehner gives in on raising...
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction back in this market? >> that's in today's "closing bell" exchange. gentlemen, great to have you joining us here on "closing bell." i think bill pretty much cede it. what is it going to take to get conviction back in this market? i kind o
all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at...
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we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that
we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our...
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i think you need a fiscal cliff resolution there. if you get to 1500 to see an additional 100 points from there i think is doable. >> i would have felt better if you said 1475 in six months and 1575 end of the year. yeah, 1600 is great in the first half of 2013, but the concern he has is on the back half of 2013. that's a bigger problem. i think that's the headline. >> up next on "halftime" hold them or fold them? three winning stocks and whether it's time to let them go. plus the ceo of ethan allen weighs in on the decision to offer a special dividend as fiscal cliff worries grow. amerie in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ thor gets great rewards for his small business! your
i think you need a fiscal cliff resolution there. if you get to 1500 to see an additional 100 points from there i think is doable. >> i would have felt better if you said 1475 in six months and 1575 end of the year. yeah, 1600 is great in the first half of 2013, but the concern he has is on the back half of 2013. that's a bigger problem. i think that's the headline. >> up next on "halftime" hold them or fold them? three winning stocks and whether it's time to let them go....
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one is the fiscal cliff. you're one of the keener minds in great britain. what do you make of what's going on in america? the expression, if america sneezes, we all catch a cold back in europe, is as true as ever. what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could build the confidence that's necessary to get high levels of growth around the w
one is the fiscal cliff. you're one of the keener minds in great britain. what do you make of what's going on in america? the expression, if america sneezes, we all catch a cold back in europe, is as true as ever. what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this...